2020 has been a challenging year: your tax return doesn’t need to be
The 2020 Financial Year was certainly one that will not be forgotten – with thanks to COVID-19. The ATO have recognised the effect COVID-19 has had on the country and have introduced a range of measures to support taxpayers though tax time. How has COVID-19 impacted Work-Related Expenses? Working from Home Expenses The ATO has […]
COVID-19: JobKeeper Monthly Declaration Reminder
Businesses that have enrolled for the JobKeeper Payment need to lodge their May JobKeeper Declaration with the Australian Taxation Office by the 14th June, so they can receive their payment for May. These can be lodged through the ATO business portal in the same way the April declaration was lodged. As your tax agent, we […]
COVID-19: JobKeeper Payment – Monthly Declaration Now Available
As explained in our previous updates, the JobKeeper enrolment is a three step process: Enrol your business for the JobKeeper Payment Identify your eligible employees & business participant Make a monthly business declaration For those organisations, who have already enrolled for the JobKeeper Payment (Step 1), it is now time to lodge your first monthly […]
COVID-19: JobKeeper Payment Part 3
The ATO have released more information about the JobKeeper Payment, including how the program will be administered. To ensure all of our clients are up to date with the latest developments, we have summarised some key information below. When will registration begin and how will businesses register? Businesses will be able to register for the […]
COVID-19: JobKeeper Payment Part 2
The JobKeeper Payment announced by the Prime Minister on Monday has been well received by employers and employees struggling through the COVID-19 crisis. We have already had many enquiries from employers about how this scheme will operate. These employers have had many enquiries from their staff. To help everyone understand the proposed scheme, we have […]
COVID-19: JobKeeper Payment
As you may be aware, the Federal Government announced this week, a wage subsidy for businesses impacted by COVID-19. The subsidy, known as the JobKeeper Payment, will be a payment made by the Government to businesses who have suffered a significant downturn in income (as a result of COVID-19) to help them retain employees. Key […]
SMSFs – What’s in the spotlight for 2020?
The Superannuation area is a constantly changing environment with further proposed changes planned for 2020. Fund members should be aware of opportunities that are available to them, how the ATO target areas may impact them and future proposed changes. Catch-up Concessional Contributions Since 1 July 2018, members with a total super balance of less than […]
Don’t let the tax man ruin your Christmas party
It’s that time of year, where the festive season has us all digging deep into our pockets to give generously to charities and to those around us. While just about every employer puts on a Christmas party or celebration of some sort for their staff, they may be unaware of the potential taxation issues lurking […]
Tax time need not be taxing!
With just weeks to go until it’s tax time again, now is the perfect time to plan and review your 2019 tax year so there are no surprises awaiting you. We explain some areas of your business that you should consider in order to get the best tax outcomes possible: Superannuation It’s a good idea […]
How automated are you?
The technology around us is rapidly changing, and we are starting to witness a strong emergence of Artificial Intelligence (AI) and automation in our day to day lives. Consider some of the below and how they have evolved: Supermarket Checkout – now in the form of Self-service Transport – Driverless trains are about to commence […]
